The law on the amendment of some laws on the purpose of improvement of the investment environment numbered 6728 and article 3/A have been added to the law on the support of research, development and design activities numbered 5746. R&D discount institution related to the R&D and innovation activities existing within the structure of income and corporate taxpayers’ corporations has been specified in article 3/A of the law numbered 5746.

Accordingly, 100% of research and development expenses related to searching new technology and information developed within the structure of income and corporate taxpayers’ corporations will be a subject for discount on the determination of profit in line with article 10 of the Corporate Tax Law numbered 5520 and article 89 of the law numbered 193; providing that these projects are regarded as R&D and innovation projects by the Ministry of Science, Industry and Technology.

Herewith, R&D discount will be applied to the applications done within the scope of article 3/A of the law numbered 5746 as of the date of 09.08.2016 as long as the law numbered 5746 and the related legislations are taken into consideration about the discounts related to research and development projects on searching new technology and information. On the other hand, R&D discount will be applied to the projects being subject to the applications done before 09.08.2016 within the scope of General Communiqué on Corporate Tax with serial number 1 according to the provisions (the provisions before the sub clause (a) of the first clause of article 10 of the Corporate Tax Law was amended with the Law numbered 6728).

Source: Corporate Tax Law

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2- What is the purpose of the plan prepared by the Ministry of Science, Industry and Technology?
The Ministry of Science, Industry and Technology determined a road map in order to
2.1-comply with the transformation depending on software-based technologies
2.2-present competitive products in international arena

3-Which programs will be prepared in order to execute this plan?
One of the most important titles of this plan is ‘’to enhance competitiveness in international arena’’.
In order to achieve the goal;
3.1-Priority areas of Turkey that make a difference in international software sector will be determined.
3.2-Thematic support areas will be prepared for entrepreneurs who incline to these priority areas.

4-Which institutions and organizations will support the activities done by the Scientific and Technological Research Council of Turkey (TÜBİTAK)?
The institutions and organizations that support the activities done by the Scientific and Technological Research Council of Turkey (TÜBİTAK):
4.1-Ministry of Science, Industry and Technology
4.2-Ministry of Development
4.3-Small and Medium Enterprises Development Organization (KOSGEB), Turkish Standards Institute (TSE)
4.4-Development Agency
4.5-Nongovernmental Organizations (STK)
4.6-Universities
4.7-Related State Institutions and Organizations

5-Which sectors will be promoted with support program at the end of the studies?
Especially, the areas that will provide a competitive advantage and have strategic importance like
5.1-Cloud Computing
5.2-Internet of Things
5.3-Huge Data
5.4-Game Software
5.5-Smart Applications
5.6-Security Software
will be determined and generated thematic support programs by taking advantage of the funds of European Union, Scientific and Technological Research Council of Turkey (TÜBİTAK) and so forth.

6-What is the editing purpose of software accelerator program?
Particularly, this program will be used for
6.1-technology development areas
6.2-software companies in the areas where the sector is well-supported
6.3-their entrepreneurs

7-In which sectors will the commercialization of the software products be supported?
The commercialization of software products will be supported in technology development areas anticipated to serve the information sector, in the areas where software sector is intensive and in national and international areas.

8-What kind of support programs will be formed in order to make contact within the scope of commercialization?
8.1-Education
8.2-Mentorship
8.3-Making national and international contacts
8.4-There will be formed mechanisms aimed at developing financial and technical facilitation support programs and including bringing investors and entrepreneurs together.

9-Which criteria are important while evaluating the software sector?
Software sector is important, because it provides
9.1-Low-cost investment
9.2-Qualified
9.3-Large amount of employment
9.4-Products with high added value

10-Which concepts and practices (known as New Industrial Revolution) rest upon software based technology?
Technologies like
10.1-Industry 4.0
10.2-Artificial Intelligence
10.3-Robotics Equipment
10.4-Smart Production System
10.5-3-D Printers
10.6-Internet of Things
10.7-Huge Data
10.8-Cloud Computing rest upon software based technology.

Source: sanayi.gov.tr
Date: 20 January 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.